2023 RWF to HRK Historical Review

YEARLY HIGH

0.0067 HRK

YEARLY LOW

0.0054 HRK

YEARLY AVERAGE

0.0060 HRK

2023 RWF to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0067. Conversely, the yearly low was recorded on December 27, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0013 HRK. From a start-to-finish perspective, comparing the January average rate of 0.0065 to the December average rate of 0.0055, the exchange rate registered a net change of -15.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0067 was down 10.37% compared to the 2022 peak of 0.0075, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 RWF based on timing:

Yearly Peak High 33 HRK

2022 Average 35 HRK

Yearly Trough Low 27 HRK

Transaction Impact: A difference of 6.54 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0066

0.0054

JanuMarcMayJulySeptNove

RWF to HRK Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0063, compared to 0.0058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0063

H2 Avg (Jul–Dec) 0.0058

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0004 HRK (High: 0.0062 / Low: 0.0059). On the other end, September was the most stable month, with a tight range of 0.0001 HRK (High: 0.0059 / Low: 0.0058).

June Spread (Volatile) ±0.0004

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0065) against the same month in 2022 (average: 0.0065), the exchange rate shifted by +0.0000 (+0.42%).

2023 Avg (January) 0.0065

2022 Avg (January) 0.0065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0067	0.0064	0.0065
February	0.0066	0.0063	0.0065
March	0.0065	0.0063	0.0064
April	0.0063	0.0060	0.0062
May	0.0062	0.0061	0.0062
June	0.0062	0.0059	0.0061
July	0.0060	0.0057	0.0058
August	0.0059	0.0058	0.0058
September	0.0059	0.0058	0.0059
October	0.0059	0.0058	0.0058
November	0.0058	0.0055	0.0056
December	0.0056	0.0054	0.0055